Business buzz

Monday

Jan 28, 2013 at 12:01 AM

Seven of the nine largest commercial sales in Manatee County last month involved nothing but raw land. A total of 576 acres and 294 building lots changed hands for $46 million.

1 -- 460 acres in Lakewood Ranch. Taylor Morrison of Florida spent $23.3 million in December to purchase this land from a subsidiary of Schroeder-Manatee Ranch. The subsidiary provided the Scottsdale, Ariz.-based homebuilder with a $21 million loan.

2 -- 113 building lots in The Concession, A company belonging to former Taylor Morrison CEO John Peshkin bought 113 lots in this high-end golf community for $7.9 million.

3 -- 80 acres of vacant commercial land off Ranch Lake Boulevard in eastern Manatee County. Two companies owned by Newton, Mass.-based Forest Properties Management purchased the land from Village at River Club Acquisition LLC for $7.15 million. Village at River Club is a Davenport company managed by James S. Carr and Heidi J. Marling.

4 -- 47 building lots in the Country Club East neighborhood of Lakewood Ranch. A subsidiary of Lakewood Ranch homebuilder Neal Communities bought the land from a subsidiary of Schroeder-Manatee Ranch for $5.23 million. Schroeder-Manatee provided Neal's company, Sterling Equity Group LLC, with a $3.83 million loan.

5 -- 36 acres at 2411 Tallevast Road in southern Manatee County. Covered Bridge Holdings II LLC, a Tallevast company managed by Trey Dessenberg, sold the land to Manatee County for $4.52 million. Covered Bridge paid $1.82 million for the land in May 2004.

6 -- 135 lots in the Rye Wilderness subdivision. CWES VI LLC, of Tampa, sold the land to Texas homebuilder DR Horton for $2.4 million. CWES acquired the land for $1.53 million on Dec. 13, selling it to DR Horton that afternoon. CWES bought the lots from Florida Properties II LLC, netting $866,250 on the deal.

7 -- Seven parcels of land near the Ballard Park neighborhood of Bradenton. Builder John Neal and his wife, Rebecca, sold the land to the city of Bradenton for $284,661. Neal's company bought the properties out of foreclosure from Orion Bank for $269,000 in April 2011. Neal said they were worth $1.33 million, which is the price that appears on the deed.

8 -- 8.3 acres of vacant commercial land at 150 Riviera Dunes Way in Palmetto. Forty One Corp., of Troy, Mich., sold the land to GDAWG Ventures LLC for $1.15 million. GDAWG is a Bradenton company managed by Gino Sedillo.

9 -- A mixed use office-residential building at 101 Bridge Street in Bradenton Beach. Alfonso and Sandra Rossi sold this 2,750-square-foot building, which is zoned for office, retail or residential use, to CRW Ventures Inc. for $1.05 million. The Rossis paid $320,000 for the 88-year-old building in December 1996. They provided the buyer, a Bradenton company managed by Craig Watson, with a $100,000 mortgage.

–Michael Braga

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